Ask Question
13 May, 20:57

When Terrance sent his daughter to college, he purchased a house near campus for $95,000. Empty lots in the area sold for approximately $10,000 at the time. After she graduated, Terrance decided to keep the house for use as a rental. The fair market value at the time of the conversion was $160,000 and the price of the land had risen to $20,000. The basis for depreciation of the house is ___

A. $140,000

B. $105,000

C. $95,000

D. $85,000

+1
Answers (2)
  1. 13 May, 22:13
    0
    It's d because you just subtract.
  2. 13 May, 22:34
    0
    It's d

    Step by step explanation
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “When Terrance sent his daughter to college, he purchased a house near campus for $95,000. Empty lots in the area sold for approximately ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers